St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-31
MARKET.
On the Chicago Board of Trade Wheat Was
More Active, With a Stronger
Feeling.
The Firmness Was Mainly Attributed to
Buying by Those Interested in the
Recent Bulge.
Shorts Frightened by Cable Advices
and Decrease on ocean
Passage.
transactions in the Financial Circles
of Wall Street--Genera1
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, March 3O.-The clique tactics to-
day were as they have been for fortnight.
Whenever the market was strongest their
brokers were sellers. 1t is estimated that
Field, lindley a. Co. sold 500, 900 bushels at
&c, 500, 900 more at S2}$c, and good deal at
SIC. The market did not pay much attention
60 the selling. The crowd is beginning to be-
iieve that this selling, if it Is to alay sus-
picion, is quite as dangerous as buying. There
were shorts who kept on buying right along
side of the clique brokers who were selling.
Hutchinson led the buying from the very
start. He continued it long after the market
had become very strong. Milmine, Bodman
4 Co. were also large buyers. 1t was gener-
ally surmised that these last were covering
wheat for New York, q locality where almost
all wheat traders have been bears. c. j. ker-
shaw said; THE cold, dry weather has not
SCI done damage that cannot be repaired, but
the damage is imminent enough to give
GOOD GROUNDS FOR ALARM
Sith wheat ut q low price. think the money
IS TO be seen, however, in the far-of options"
Although wheat absorbed almost all the atten-
tion, there was enough in the provision pit to
keep that crowd thinking. Armour picked
up q great lot of cash ribs. He bought from
all packers, and took some millions of pounds.
He gave the May options for the cash at 113c
discount. The gossip this morning was that
hc had immediately offered the cash ribs that
consumers at figures that took them all. and
his men were in the pit this morning picking
up the May option again. whether the story
was altogether true or not it had the result.
May ribs opened at SS.0T1@ and went at once
to $3.50. On every side among the profess
SIGNALS who are given to ridiculing the Or
binary gossip as well as among the lighter
weights, who swallow all that goes,
the remark was that Armour had the ribs"
The amount of wheat atioat is now the
smallest in many years. The necessities for
wheat abroad are popularity and by the trade
estim ated to be the most urgent for many
years. Of the amount afioat 81 per cent. is
American. Wheat at San Francisco is worth
81 .0S a bushel. The weather is moderating
in the wheat country, both North and South.
but is far from favorable. 1t is so cold north
that the spring wheat farmers cannot plant,
and SO cold South that the winter wheat
growers are filling the air with their plants.
1t is popuiarly supposed that at least half the
wheat in sight is held by a single syndicate of
rich men, whose indispostion To sell except
at profit ought in degree to help other
holders in the market.
THE ROUTINE REPORT.
CHICAGO, March 30.-Trading in wheat was
more active and general to-day and the feel
ing developed was decidedly stronger. The
firmness was mainly attributed to buying OH
the part of those interested in the recent
bulge, though favorable crop news had some
thing to do with it. The shorts were fright
ened by stronger cables and q decrease on
ocean passage. May opened at Size, sold up
to SIC and closed at S2$4c. At nine western
points the receipts were 2S6, DOC blu and the
shipments 10000 bu. Corn was without special
feature. Oats were dull and steady, and pro-
visions unchanged, with the exception of
short ribs, which were active and advanced
zoe.
THE QUOTATIONS..
The leading features ranged as follows:
WhPat-Nn
ing at II Lice; May, S134c, closing at 81 9-16c;
June, 805sc. closing at S05sc; July, S01ac,
closing at S01ac. Corn-No. 2, March, 341ac,
closing at 1850: May, 3915@395sc, closing at
$3.50; June, 4O1ae, closing at 40 1-l6c: July.
4l5sc, closing at Al 9-16c. Oats-No. March,
1850, closing at 235sc; May, 2S5ac, closing at
% 1I-l6c; June, zoe, closing at 29c. Mess
pork per barrel-March, $40. so, closing at
$1,000; May. S24, closing at SCI; June, SCI,
closing at sci. Lard, per 100 pounds-March,
at S7.45; June, $3.50, closing at $3.50. Short
ribs per 100 pounds-March, IS, closing
at $50; May, $S.0T15, closing ut SS.22L;
June, $S.15, closing at $S.321a.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. spring,
No. 2, 375s@S7ssc. Oats-No. 2, 271a@
2134c. Rye-No. 2, 54Ac. Barley-No. 2,
Size. Flax seed No. l, S1.Os. Timothy
seed, prime, STA. Mess pork. per Dbl, $2O.25
Q.20.5O. Lard, per 1UO lbs, SI.3IA. Short rib
sides, loose. SSSs.10; dry sailed shoulders,
boxed, S6@6.25; short clear sides. boxed,
SS.30@e.35. Whisky, per gal, S1.1s.
Sugar-Cut loaf, 64@65sc; granulated, 61sc;
standard A, 55sc. Receipts-Flour, 10000
bbls; wheat, g. 900 bu; corn, $500 bu: oats,
100000 bu; rye, 1000 blu; barley, $4,000 bu.
Shipments-Flour, $4,000 bbls; wheat, 10000
blu; corn, los, 900 bu: oats. 10000 blu: rye,
5000 blu; barley, $4,000 blu. On the produce
exchange to-day the butter market was steady
with liberal orders; creamery, 241a@29c per
70; dairy, 17@e25c Eggs, lie per doz.
r. M. NEWPORT g. SON,
yestment Bankers, 152, 1853, 154 Drake Block
Loan Money on Improved Real Estate Security, at